Jebel Ali Port, located in the United Arab Emirates, is considered one of the 10 largest ports in the world. For this reason, investing in Jebel Ali is considered an excellent option for many people, and in today’s article we will talk about all the important information about establishing a company in Jebel Ali. Such as the necessary documents, steps to open a company, in addition to the cost as well. Continue reading with us to learn more.
Steps to establish a company in Jebel Ali
Establishing or establishing a company in the Jebel Ali region of the UAE does not require many steps. But if you want to invest in this region, you must familiarize yourself with these steps:
1- Determine the nature of the company’s work or activity
The step of determining the company’s activity is considered one of the most important steps in establishing and establishing any company in the Emirates. This is because the law there stipulates that you must determine the company’s activity before starting to establish it.
2- The legal form of the company
In addition to determining the nature of the company’s work, you must also determine the legal form of the company as well. It can be one of the following forms:
- Solidarity Company.
- Public joint stock companies.
- Civil works company.
- Limited liability companies.
- Private joint stock companies.
3- Determine the trade name
The third step in establishing a company in Jebel Ali is determining and registering the company’s trade name. In general, this name is approved after verifying some of its conditions.
4- Obtaining initial approval
The company’s initial approval is obtained after implementing the previous steps. This step is considered very important, because it is the only way to obtain approval from the authorities related to the company’s activity.
5- Preparing the articles of incorporation
This contract is executed between you and the competent authorities in the Jebel Ali region directly after implementing the previous steps. It is worth noting here that you must also choose the location of your company in order to be able to start working there.
6- Obtaining additional approvals
This step is not implemented for all companies that are established in the Jebel Ali area, but for some companies, you must obtain additional approvals related to the type of activity of the company before you begin working there. The most prominent examples of this include the approval of the Civil Defense Authority, the Ministry of Justice, the Ministry of Economy, and others.
7- Getting a commercial activity license
The final step in establishing a company in Jebel Ali is to obtain a commercial activity license for your company. This license is obtained after completely implementing the previous steps. After obtaining this license, you must register with the Chamber of Commerce as a member.
Necessary Documents to establish a company in Jebel Ali
These are the most important documents needed to be able to establish a company in the Jebel Ali region:
- Registration application form: It contains important basic information about the company and its activity.
- Financial records: which include the company’s financial and estimated accounts and budgets.
- Lease or ownership contracts: You must submit a copy of the lease or ownership contract for the company’s area.
- Registration fees: This means paying the fees for registering your company to the competent authorities.
- Photos of ID: You must submit photos of the IDs of all partners, managers, and shareholders in the company, in addition to the names and addresses of these people.
- Business plan: Some types of companies may need to submit their business plan, in addition to an explanation of the financial projections as well.
- Additional documents: You may also be asked to submit some additional documents depending on the type of your company, its activity, and the region in which it is located.
Costs of establishing a company in Jebel Ali
The Jebel Ali area is considered a free zone within the United Arab Emirates, so this area is comprehensively exempt from taxes, which is why many people resort to investing in it. As for the costs of establishing a company within it, you must pay the following costs:
- Costs of obtaining a commercial license.
- Costs of equipping the company’s office or offices.
- Expenses for establishing or opening a bank account for the company, in addition to depositing the minimum amount of money according to the type of company and its type of activity.
- The costs of purchasing or renting the company’s office location or offices.
- Costs for obtaining work permits and visas for employees.
- In addition to some additional costs that must be paid for some companies.
Tdabeer Company does everything for you
If you want a reliable party to take care of all the company establishment work for you, we are happy to provide you with our services. Contact us and join our client list.
read more:
The Conditions for opening a company in the Emirates in 2024
The correct way for Opening a commercial register in Dubai
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